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Nifty Fell 400 Points From Gann Resistance Range

In the last analysis, we discussed. For today’s Intraday session, 9020 Nifty level is the support. Below that we can see the lower side movement, for the target of 8960/8870/8720 levels can come. On the upper side, 9200 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9260/9350/9500 levels.

In Wednesday Intraday session, Nifty opened gapup. And above 9200 it did our 1st target on upside.

Later in the day bears dragged the market towards lower levels. At end of the day, Index made the low around 8874 levels.

nifty

The upper range of Resistance area 9100-9320 worked. A market almost fell 400 points after making the high near to it.

Now for today’s Intraday session, 8830 Nifty level is the support. Below that we can see the lower side movement, for the target of 8770/8680/8530 levels can come. 

On the upper side, 9000 will act as Resistance; above that, we can see bulls gaining strength, for the move towards 9060/9150/9300 levels.

Note: Above mention Price projection & other Information is for educational purpose only.

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